Have an account?
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7 questions
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- Multiple ChoicePlease save your changes before editing any questions.
Identify the asset
Current assets
Fixed assets
Intangible assets
Investments
- Multiple ChoicePlease save your changes before editing any questions.
Liquid or Quick assets =
Current assets - (Stock + Work in progress)
Current assets + Stock + Work in progress
(Current assets + Stock) + Work in progress
(Current assets + Work in progress) - Stock
- Multiple ChoicePlease save your changes before editing any questions.
Lower the Debt Equity ratio
Lower the protection to creditors
Higher the protection to creditors
It does not affect the creditors
None of the above
- Multiple ChoicePlease save your changes before editing any questions.
Accounting provides information on
Cost and income for managers
Company's tax liability for a particular year
Financial conditions of an institutions
All of the above
- Multiple ChoicePlease save your changes before editing any questions.
How many types of accounts?
1
2
3
4
- Multiple ChoicePlease save your changes before editing any questions.
Is trail balance is an accounts?
Yes
No
Don’t know
None of these
- Multiple ChoicePlease save your changes before editing any questions.
Example of Personal accounts?
Cash
Bank
Salary
Outstanding salary